Assets in Strategy:
		$670 million
		Volatility Ratio Objective*:
		80% - 85%
		Beta:
		.75 to .80
		Common Benchmarks:
		S&P 500 Russell 1000 Russell 3000 MSCI's USA Minimum Volatility Index
		Market Cap Range for strategy:
		$500 million and up
		Country Exposures:
		90% United States 10% Canada and ADRs
		No currency hedging
		Approximate # Holdings:
		125
		Minimum initial investment:
		$25 million
		Options and futures are not used.
		Social investment screens available.

* Excess return and volatility ratio objectives are relative to a core-oriented benchmark over a 3-5 year period. This time horizon is relevant given that no investment process we know of can eliminate the possibility of negative random events driving performance for short periods of time.

• Institutional focus
• Employee owned
• Capacity constrained
• No soft dollars